China What if AI Got a $30 Billion Power-Up?

What we’ll cover today:

💡 What if AI got a $30 billion power-up?

💻 The CFO of Snowflake said: “He Will Not Purchase Additional GPUs.”

🚀 Eric Schmidt’s Advice for AI Startups

🔗 3 Quick links on market trends 

What if AI got a $30 billion power-up?

That’s exactly what’s happening!

Microsoft and BlackRock are teaming up to fuel AI’s growth.

They’re throwing cash at data centres and energy projects to boost AI’s brainpower.

Here’s the breakdown:

• Investment Partnership: Global AI Infrastructure Investment Partnership is leading the charge.
  

• Key Players: Abu Dhabi’s MGX is a partner, and Nvidia is bringing its chip expertise.
  

• Funding Power: With debt financing, the initial $30 billion could expand to $100 billion.
  

• Focus Areas:

  • The majority of investments will go into U.S. projects.

  • Some funds will be allocated to partner countries.

Here’s the whole article

1. The CFO of Snowflake said: “He Will Not Purchase Additional GPUs.”

The CFO of Snowflake, a leading cloud-based data warehousing services provider, recently announced that he will only purchase additional GPUs once the company sees sufficient revenue to justify the investment. 

Since GPUs power AI models, this decision is a notable reminder that even in the AI race, financial balance takes priority over speed.

Here’s the whole video explained by Travis Hyam

2.  Eric Schmidt’s Advice for AI Startups

Eric Schmidt, the former CEO of Google, shares essential advice for AI startups.

He mainly talks about: 

• Prototype Fast

• Leverage AI's Speed

• Competitive Urgency

Here’s the whole tweet

1. Microsoft will open two AI centers in Abu Dhabi.

On April 16, Microsoft partnered with UAE-based G42, investing $1.5 billion to boost AI development. On Sept. 17, they announced two new AI centers in Abu Dhabi to advance their goals.

2. Slack is turning into an AI agent hub. Should it?

Slack's head, Denise Dresser, tells TechCrunch she is shifting the business chat platform into a “work operating system,” specifically by making Slack a hub for AI applications from Salesforce, Adobe, and Anthropic. 

3. California governor signs laws to protect actors against unauthorized use of AI.

​California Gov. Gavin Newsom signed off Tuesday on legislation aiming at protecting Hollywood actors and performers against unauthorized artificial intelligence that could be used to create digital clones of themselves without their consent.